New Delhi, Jan 11
Driven by strong fundamentals and resilient economy, the Indian equity markets are likely to see another record-breaking year for initial public offerings (IPOs), according to reports.
The fundraising activity in the country has been broad-based across sectors so far. Domestic investments provided resilience amid geopolitical risks and market volatility, according to a Kotak Investment Banking report.
According to the investment bank, deal sizes are consistently increasing across products, with more than 30 deals worth $500 million last year. Multinational companies (MNCs) prefer India as a listing destination by making their subsidiaries debut on Indian bourses.
At least 91 companies raised nearly Rs 1.60 lakh crore going public last year. In total, firms raised over Rs 3.73 lakh crore from the equity market, including IPOs, follow-on offers and qualified institutional placements (QIPs) last year, as per reports.